Job Description
A Hedge Fund in Florida is seeking an accomplished Hedge Fund Operations Manager to work full time in the Sunny Isles office. This is a critical role that interacts directly with traders, prime brokers, trading counterparties, accountants, and auditors.
Responsibilities - Daily trade life cycle
- Trade processing, settlement coordination, and trade break reconciliation
- Reconcile cash, positions, profit and loss, accruals, receivables/payables
- Research, communicate, and solve trade breaks with prime brokerage teams and counterparties
- Affirm trade settlements for bilateral derivative transactions, including financing schedules
- Track all trade confirms and follow up with appropriate parties to resolve discrepancies
- Reconcile derivative margin calls and respond to counterparties
- Compile and compare interest rates, debit balances, and free cash to determine how to strategically move funds
- Summarize and review cash balances, margin excess, and short market value across several prime brokers and counterparties
- Track short rebates and work with trader to monitor changes
- Reconcile previous day profit and loss report to accounting system, and clarify any changes
- Retrieve month end statements, book interest and rebates in accounting system, and finalize cash and position reconciliations
- Perform other duties as needed
Qualifications: - 3-7 years of relevant experience
- Bachelor's Degree in Accounting, Mathematics, and/or a similar field
- Investment industry knowledge and experience
- Hedge fund experience (fund accountant/operations)
Job Tags
Full time,